1 Bitcoin (BTC) Investor Hits New Record Despite Very Volatile Market

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The price of Bitcoin, which began to move away from the lowest level in 2022, was marked by the achievement of a new record for the number of investors who own 1 BTC.

Since establishing a recovery effort at the start of the second half of the year, the accumulation rate of this major coin is starting to look like it's growing.

Indeed, in the long term there are still many investors who believe the price of Bitcoin will shoot higher and form a new ATH, even at a 6-digit price.

Of course, global sentiment from US inflation data, fears of recession, demand for crude oil and so on are still some of the factors that determine investors' risk appetite for crypto assets.

And now, the number of investors who have at least 1 Bitcoin in their crypto wallet, has grown and set a new record.

The Number of Investors Who Owned 1 Bitcoin Soared

According to a Finbold report, crypto analytics platform Glassnode has seen a spike in the number of addresses holding more than 1 BTC coin.

On Wednesday (10/8/2022), the number had shot to an all-time high of 894,303. A remarkable record in the midst of the market's attempt to recover from the bearish trend.

Before the market crash, the price of Bitcoin was considered too expensive by some investors, especially retail.

The current bearishness of the crypto market has brought opportunities for them to accumulate, up to more than 1 BTC coin, which is considered a discounted price.

A price correction of more than 60 percent of ATH brought buying enthusiasm to many investors, so the numbers above skyrocketed again, setting new records. This offers new opportunities for investors who feel left out in previous rallies.

On the other hand, there is a general market consensus that the BTC price will start another rally again, dominating the risk asset market.

"If stocks weaken, Bitcoin, gold and bonds could hold the reins for half of 2022. Bitcoin's tendency to outperform most risk assets and most gold commodities, could play a role in that time, especially if the stock market continues to succumb to Federal Reserve action," he said. Mike McGlone, Commodity Strategist at Bloomberg Intelligence.